Consolidation on its own won't push the SP up it is the expectation that a deal is following is what is driving the price action. I don't think anyone is certain when that announcement will be made but I am guessing it will be sometime soon. Generally, after such a strong run I would expect some profit taking, it is only natural but if the market gets a whiff that the deal is progressing the buyers will be back in a heartbeat and we all know what that means.
neu, page-30
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Last
$22.14 |
Change
1.150(5.48%) |
Mkt cap ! $2.829B | |||
| Open | High | Low | Value | Volume |
| $21.50 | $22.44 | $21.50 | $13.15M | 598.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 437 | $22.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.15 | 8325 | 7 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| NEU (ASX) Chart |